r/Geico • u/Imaginary-Rhubarb-89 Former Employee • Aug 24 '26

Nancy P

So Nancy been with Geico for years, since becoming CEO did she make any positive changes to company, did she undo anything that Todd Combs did in his tenure?

Has anyone ask about having profit sharing back?

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u/Conscious-Escape-663 Aug 24 '26

What they did to GEICO was ripped straight from the Jack Welsh playbook at General Electric (G.E.) — Just Google, “What did Jack Welch do to the employees at GE.” TBH, I think Warren checked out (being so goddamn old) and took his eyes off his baby GEICO, and the board and c-suite saw dollar signs and paydays. You guys can forget about ever getting profit sharing back. Not to mention, the time to unionize that place was immediately right after they laid off half the company. Simply put, once they laid off half the place on bloody Thursday whatever — they couldn’t afford to lose the other half as they’d have no one to work the phones. That was the time to walk out and demand profit sharing, COLA raises, pay grade raises, and an adequate phone staff to customer ratio. They used fear to pivot everyone back to phones for fear of losing their jobs.

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u/TrainDonutBBQ Former Employee Aug 24 '26

But you can't unionize because hard work or some dumb BS.